Ajay Nain, cofounder and former COO of RentoMojo, has alleged in a petition before the NCLT’s Bengaluru bench that he was pushed out of the furniture and appliance rental startup through a misleading and undervalued share sale in 2023.
Nain has accused RentoMojo founder and CEO Geetansh Bamania and other senior executives of fraud, misrepresentation and misuse of control to force a minority shareholder exit.
He is seeking to declare his share sale void, reinstatement of his stake of about 9.41% stake, and blocking the proposed IPO of…

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